About this Show

Your World With Neil Cavuto

News/Business. Money tips from Wall Street. New. (CC)

NETWORK

DURATION
01:00:00

RATING

SCANNED IN

SOURCE

TUNER

VIDEO CODEC
mpeg2video

AUDIO CODEC
ac3

PIXEL WIDTH
704

PIXEL HEIGHT
480

TOPIC FREQUENCY

Comcast 8, America 5, John Stossel 5, Neil 4, Us 4, Goldman 3, Nbc 3, Geico 3, Philadelphia 2, Msnbc 2, Ethan 2, Richard Simmons 2, Brian Roberts 2, Stossel 2, Washington 2, Exec 1, Ipc 1, Brita 1, Ipso Facto 1, Mercedes-benz 1,
Borrow a DVD
of this show
  FOX News    Your World With Neil Cavuto    News/Business. Money tips  
   from Wall Street. New. (CC)  

    April 22, 2010
    4:00 - 5:00pm EDT  

4:00pm
after the financial talks, the financial stocks ended up going up. i don't know. i bet i know who understand it, this guy. >> i'm here today specifically when i speak to the titans of industry here, because i want to urge you to join us instead of fighting us in this effort. >> neil: do they have a choice here? welcome, everybody, i'm neil cavuto, from wall street, the president making it clear, take his financial reforms or get ready for a fight. we have seen how this works before. from calling out supreme court justices overruling he didn't like, to slamming insurance companies for daring to challenge a healthcare plan he did like. bank guys, healthcare guys, big money guys, the message is clear, do not mess with this guy. steve, what do you think? >> hi, great to be with you, there's a pattern that emerged
4:01pm
from the start of this presidency on every issue, healthcare or now the financial services, where any group or any industry association that disagrees with the president is demonized. we saw it with the pharmaceutical industries and the healthcare insurance companies and medical suppliers and now that has translated over to what's happened with the demonizing of wall street. today's speech -- you put it well, you'll negotiate if somebody puts a gun to your head. that's what the president did this afternoon in his speech in new york. >> neil: shortly we'll talk to a wall street titan but ahead of this, do you get a sense that this is getting sort of a fast track role here because of goldman and that that's the wind at the president's back? >> i don't think there's any question there was a political motivation behind the timing of these allegations and charges against goldman. i mean it's no coincidence this
4:02pm
came out on friday. by the way, the "new york times" knew about this before goldman sachs did. i think it was well timed to try to provide political ammunition and momentum for the bill. i find it interesting, neil, this story that as you know, president obama took nearly a million dollars of campaign contributions from goldman employees and it was announced in the last 24 hours that the president is giving it back. think about if the shoe were on the other foot and republicans took the money. they would have been seen as stooges for goldman sachs. >> neil: that's a very good point. pay for financial remove and some of the things they're kicking around, expanded healthcare. there's never been an outright denial on he can he can tend -- extending and going beyond the rich for taxes including the value added tax. the theme lately from the
4:03pm
administration has been vague. a listen to that. >> this is not something the president has proposed nor is it under consideration. >> the president does not support, but we all recognize -- we all recognize that our deficits are too high, we have to bring them down. >> we aren't talking about that from the president is. >> no, the president said he was open to listening. >> neil: it's coming. i think that means it's coming. >> yeah, it's amazing how the rhetoric has changed almost every day. the debate started a week ago when paul volcker says this might be something to consider and every date white house puts out hints this is something that's definitely on the table. and this is -- it's important for people to under, we're talking about a national sales tax that could be 15 to 18% and that's on top of the sales tax that you pay in your state. >> neil: could it be used for negotiating?
4:04pm
the president might tell republicans i'll either stall the top rate increase or maybe not make it so big or might be more generous on capital gains if you go with me on this one. >> no question about that. i think that's where the democrats are headed. they'll say we're not going to raise income taxes to 40, 50% but put in place a value added tax. the problem is for the white house, as they propose this, they said -- president obama said specifically, his most memorable promise in the campaign, if you make less than $250,000 you will not pay a dime more of taxes. you answer this, how do you put in place a national sales that, dunned affect people who make less than $250,000? >> you don't call it an income tax. see? >> well that's another sleight of hand. it's interesting the president said i meant to say i wasn't going to raise people's income
4:05pm
taxes. look at the original quotes. he did not say income tax, he said a dime more of taxes period if you make less than $250,000. >> neil: guys like you have a lot of time to do that but it's what makes you the great journalist you are. thank you, good seeing you again. >> go look at that tape. >> neil: i will, i will. >> you want to know what the titans of industry think of the speech? we thought we'd get one of the best. not happy with the president's tone. don, good to see you. >> i think the president's speech was given on wall street, not to wall street. it was given to the public. >> neil: who was in the audience clapping? >> a very diverse group. this is the first 401(k) administration. you have 60 million americans with a direct stake in markets. you didn't have that in past administrations. they heard it but it didn't affect them.
4:06pm
>> neil: didn't -- i can't imagine wall street titans whooping it up saying go, go. i don't know who the crowd was. >> he's the president of the united states. you want to support him where you can. much of this bill is worth supporting. >> neil: what is -- what isn't to you? >> what is first of all is derivatives. derivatives are complex, hard to understand even by the pros. it's time to put transparency and at the least and time to make sure it doesn't get out of hand. what is difficult is the consumer protection agency, a new agency of the government, a new bureaucracy and rules and regulations. rather than trying to correct the admitted problems that maybe people talked about, people not understanding what they're buying, how they're getting paid. those ads on television where the disclaimer goes by so fast, nobody in the world -- >> neil: don, we had i think 21
4:07pm
various agencies or bureaucracies tied to protecting consumers and/or investors. so i guess we're adding a 22nd. but is the issue more cops or just smarter cops? >> it's a very good question. basically regulations tend to be good to catch the good guys. not the bad guys. the good guys fill out the forms and send in all the information. the ones who try to get around them do things. smart cops are crucial and not too many. in pain weber, they said we have bad news, there's 15 regulators on the premises. we have worse anonymous. news, there's no place to put them. that's the problem. there are so many regulators, it's easy to fall afoul. there was a lot of abuse, they showed up in mortgages, they've lost a lot of money and need to
4:08pm
get clarity. >> neil: you're right. these are some of the wrong to say write. my issue is while we get better police, what about the people who police the system itself? what about congress? it is making villains out of these guys. some might deserve it but i remember barney frank saying everything was honkey dorey with freddie mac and fannie mae. >> the more people that exaggerate a threat of safety and soundness, the more that conjure the possibility of serious financial losses, which i do not see. we see entities that are fundamentally sound financially -- >> neil: weird. >> it's weird, fannie mae and freddie mac were put in place for affordable housing. congress wanted fannie mae and freddie mac so encourage t on the other hand, no doc loans, no down payment loans, no anything
4:09pm
loans, clearly an excess. >> neil: we've known each other foredecades. we've gone through housing ambassador and busts alike. and one -- the booms, particularly in housing, give mortgages just if you have a pulse and in each boom we did that. the last time on steroids. i'm all for going and chasing a lot of the malfeasance. your industries, but if -- when congress gets a pass or the government gets a pass for abetting this and at best ignoring it, or at least incentivizing, you wonder whose getting the skinny. >> no question about it. in the end what the public wants to hear, how is it going to make more money? how are the prices going up instead of down and the 401(k) can allow them to retire. very little in these statements
4:10pm
address that. another thing they don't address is whose money is used to fuel these? pension plans, corporations, it's governments. this is big money behind many of these investment strategies. with all that, there has to be reform. it should be constructive reform and the goal to me should be the public comes out of it saying yes, i now feel more confident investing in wall street and i see a better chance for getting a job and the value of my house goes up. >> neil: very well put. good seeing you. >> when we come back, new numbers on healthcare. tax hikes officially in potentially up to 4 million middle class americans. >> if you make less than $250,000 a year, your taxes will not increase one single dime. >> one single dime. one single dime. boss: so word's gettin' out that geico can help people save in even more ways -
4:11pm
4:12pm
on motorcycle insurance, rv, camper, boat insurance. nice work, everyone. exec: well, it's easy for him. he's a cute little lizard. gecko: ah, gecko, actually - exec: with all due respect, if i was tiny and green and had a british accent i'd have more folks paying attention to me too... i mean - (faux english accent) "save money! pip pip cheerio!" exec 2: british? i thought you were australian. gecko: well, it's funny you should ask. 'cause actually, i'm from - anncr: geico. fifteen minutes could save you fifteen percent or more on car insurance. what are you really buying? a shiny coat of paint? a list of features? what about the strength of the steel? the integrity of its design... or how it responds... in extreme situations? the deeper you look,
4:13pm
the more you see the real differences. and the more you understand what it means to own a mercedes-benz. the c-class. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial. ♪
4:14pm
>> neil: a big promise turning into a political problem. the president repeatedly saying he wouldn't tax the middle class but today the budget office saying the healthcare law could add up to 4 million americans with penalties for not buying coverages. >> the problem, i don't know, penalties cost, right? >> no, i mean i think that first we need to look at the promise. he said your tax burden if you make under $200,000 will not go up. that's the total, not just impact from a individual policy. if you look at obama's policies, the entirety, they actually lower the tax burden for the middle class. >> neil: ethan, you're -- $1,000
4:15pm
if you don't sign for the healthcare reform -- >> it's not a tax but something more you're paying to the government that you weren't paying before and it's going to hit the middle class. ipso facto, who cares, you're paying more. >> first, remember 80% of the people uninsured will not pay because -- >> neil: i'm not saying that. for those 4 million under the 250,000, is it fair to say they are going to be paying more to the government? yes or no? >> under this policy, yes. but under the entirety of the -- >> neil: wait, wait, i'm just saying -- i love you dearly, you're paying more to the government, you can call that a tax hike or whipped cream or dessert topping, you're paying more and you're paying more to the government. end of story. >> yeah, you could say the same about the schip bill raising
4:16pm
cigarette taxes and many who smoke cigarettes pay taxes under $250,000. >> neil: why are we parceling this? when you pay more to the government, whether you call it a tax hike or a gift to uncle sam, you're paying more to the government. you could say it's not directly income tax and the cigarette stuff is not directly income tax but the fact of the matter is it is more that you're paying. for an administration, for party that brags that the half of the people in the country who don't pay income taxes in fact pay payroll and fica, you can't have it both ways, you just can't. >> but again, i'm saying -- i'm just objecting to looking at this one policy. >> neil: oh no, i love you dearly, i could point to a variety of fees and licenses that go up, willy-nilly,
4:17pm
affecting everybody. i picked this because it was the lowest hanging fruit. >> but when you take them together the burden goes down. i thing -- >> neil: wait, how is it going to go down for folks looking at a $1,000 bill? >> the making work pay tax credit is more than $1,000. >> neil: so you have -- still going to come out ahead. >> exactly. you come out ahead. >> neil: ethan, are you a lawyer? because you're very good. >> i am an economist. >> well, that's kind of the same. good seeing you. >> thanks a lot. to the bailout bailout, banks give out fewer loans and bigger raises than banks that did not. >> what is your teenager doing today? al gore knows.
4:18pm
4:19pm
4:20pm
4:21pm
we don't cover all the earnings that come out, quarter profit reports, but amazon is among those barometer issues we watch. earnings jumping 68% in the first quarter. big gains across the board but the numbers disappointed the street because stock is falling in after-hours trading. amazon has trouble with the ipad, they make the kindle and the comparisons don't look good and. amazon is feeling the heat. in your teen isn't green, wait. al gore is launching a new global warming network aimed at teenagers called inconvenient
4:22pm
youth a one-stop shop to help teens solve the climate crisis. al gore was not available but the polar bear was. the man behind the documentary, not evil, just wrong. he's the guy that would go into the belly of the beast. they throw things at him and everything. >> good to say you. >> what do you make of this? >> it's a great idea. most americans don't believe in global warming. the same number as believe in ghosts. >> neil: really? >> the latest poll. so teenagers are malleable and don't have life experience so it's a good way to ensure your agenda is followed to the next generation. that's what the environmental movement are doing, getting into the schools and effecting teenagers. >> neil: guys look you took a lot of heat and abuse, physical
4:23pm
and otherwise, for challenging the say sacred laws and along ce memoses and emails that are leaked. now, is the whole environmental movement, is is the train off track? >> the skeptical movement, there's a debate that says its all in the environmental movement put in all their chips and they're busted. others say they'll move on to the next scare. i think they'll move on to the next scare or ignore as often as they can, all the -- >> or leap on a pond that's losing water. again, as you were telling me to assume and make the next leap it's man made and man can reverse what nature might have made might be the leap.
4:24pm
>> by any means necessary. the plan is now to get into children, to get into schools and to show one side and -- what we've done is offed our documentary, not evil, just wrong, to any american school just to have balance in the classroom. >> neil: what classrooms are you able to get into? >> very few. >> neil: stonehenge? >> some believed in a balanced education. go to balanceded.org. it's not education, its indoctrination. if you can't convince adults because the ipc is riddled with errors, people know it will cost jobs, so if you can't affect adults, affect teenagersy go to the kids. >> kids are good. they wanted to make poverty history and do the right thing.
4:25pm
>> neil: okay, thank you very much. always good seeing you. >> thank you. >> continued success. when we come back, a president lecturing? meet the c.e.o. who is doing it. ] last year, the u.s. used enough plastic water bottles to stretch around the earth over 190 times. each brita filter can take up to 300 of those bottles out of the equation.
4:26pm
4:27pm
4:28pm
microsoft another company reported better than expected numbers, 45 cents a share versus 42 cents. good enough to surprise wall street to the up side. this continues what has been a
4:29pm
tech parade of better-than-expected numbers. on this day the president comes to new york to pressure companies to do some good. a company that hardly needs hoaxing, comcast corporation, this saturday it is kicking off what some call the most widespread single day charitable effort by a company on a single day. comcast cares day already has 55,000 folks helping. brian roberts is the chairman and c.e.o. of comcast. >> great to see you. >> on a day the president is lecturing financial titans to do the right thing, you're not a financial titan but you're a titan trying to do that. what is this all about? >> well, we started a few years ago, about nine years ago, something we call comcast cares day.
4:30pm
it's mushroomed virally throughout the company, day of service in communities. this year we'll be in 550 different service projects in areas with the local cable services and program channels. i'm working at a park in philadelphia, a school called rhodes elementary with the nfl network and the food network will help at the park. we have this happening in 550 employees and expect the employs on their free time. th probably not even probably, it is my favorite day of the year where i feel so much pride in the company and our employees. >> neil: i'm -- that's impressive. do you ever feel, though, or how do you feel about those employees who don't participate? >> you know, i think you have to -- volunteerism has to come
4:31pm
from the individual. we have more than half of the people that show up and people come back monday morning and say how great it is. people have legitimate conflicts but over the years, we've had something like 280,000 volunteers. some of them do it every year, some try it one year and come back another year. but it's -- >> neil: you're not keeping a list on -- >> no, absolutely not. it's totally volunteer. it's just word of mouth and of course people -- working at a company, as you know, is like being part of a family and you want values that say i enjoy my job but also my family. giving back to the communities that let us come into their homes and neighborhoods is part of the culture my dad started with comcast in the early '60s and it's mushroomed. we make a donation from the comcast foundation to each project.
4:32pm
>> neil: that's very nice. it flies in the face of this imagine a lot of americans are getting of very successful c.e.o.s of all stripes, that they're increasingly seen as out of touch or disconnected or fat cats. not you or your industry, but that was the message the president had for financial titans on wall street today. >> i didn't get to see the speech today. i'll definitely come home tonight and watch the news and read the papers. but i do believe businesses had a tough image. all companies are not the same, all companies aren't perfect all the time but by in large, capitalism makes america great. i fundamentally believe that, i went to the whorton school. i think volunteerism is the best way to give back. >> neil: do you think these guys should be reformed, that they have to change their ways or the
4:33pm
president should force that issue? >> you know, it's not my -- i have so many issues in my own company and our own situation at a i'm not an expert. people went through tough times and i think having a thorough review process, what the right answer is, i don't have the specifics. there's a lot of complexionties and people don't under what went wrong but i'm glad the economy appears to be getting better or we're feeling that, advertising and other things are getting stronger and you just reported some tech companies. so i think the most important thing is great leadership where we go for america. >> neil: gotcha. all these rumors back and forth about the so-called right network started and rumors were comcast, you, were behind it. what's the skinny?
4:34pm
what's the deal with that? >> i think what the statement we said, that i saw, i've not met them. i'm not personally aware of any relationship that we have. i know they've talked to some of our folks and we tried to make available as many programs as possible. we're up to 20,000 different choices on demand. in a thoughtful way we can put all points of view and let viewers pick and choose. >> neil: you're -- so ed snyder, your sports and venues division guy, when he was saying we're creating a welcome place for millions of american looking for entertainment network and media channel that reflects their point of view, what was that about? >> i hadn't seen that until the other day. ed, as you know, is his own man. he's been the owner of the philadelphia flyers for a long time. he's our partner in that project
4:35pm
and he can -- i take that quote based on what you said and that's his point of view. >> the nbc deal, you're buying a majority stake in nbc from ge and i feel compelled to ask you, msnbc and the dust up over donny deutsche, whose program was shelved after an unflattering mention of a prominent anchor there. if you were running the place right now, would you let that happen? >> you know, honestly, i don't know about any -- that specifics at all. as you know, when you're trying to buy a company, you go through a regulatory review process and we're very much in the middle of this. so nbc is running nbc, comcast is running comcast, we hope to put the two together this year. we think we're having a -- been able to make the case and try to
4:36pm
move it as quickly as possible because there's a lot of limbo that happens to organizations between signing and closing. when we do own the company, i'll try to answer questions but we're learning, we're understanding, you know, how you do what you do, how nbc does what they do, how universal, the cable channels and team parks -- theme parks, but i do feel the overall performance of the contact sector appears to be getting better with advertising. >> neil: you like msnbc in that regard? >> i'm going to tell you that i think that msnbc and nbc cable and really all of the assets of nbc universal have been underappreciated by investors because of how well their programming company has performed. they've had high profile things, but overall, we found a great
4:37pm
time to make an investment in america's recovery last summer. and so far, we're off to a good start. >> neil: one final tacky question. when katie couric's contract comes up next year, would you be interested in bringing her back to nbc? . >> got to start with you first, try to talk to you. i don't know. that's really -- we'll have experts -- being facetious. >> neil: i didn't think that was facetious, that was a wise strategy. >> my attitude is you have the best team. nbc has a great team. comcast had great success building our company. you put the two together, you give people responsibility and let them make the best decisions they can and really, we're taking this year to learn the business. it's a different kind of business but so far, it appears
4:38pm
like they're on a track to u.s.a. still the number one rated cable channel and you know, you guys have done a great job but they've done great jobs with cable and nbc and the olympics. so we'll have more to say when we get to closing. >> neil: understood. thank you, brian. brian roberts, the top guy at comcast. when we come back, richard's back and he's got a beef with me. yeah. chloe is 9 months old.
4:39pm
she is the greatest thing ever. one little smile, one little laugh. honey bunny. [ babbles ] [ laughs ] we would do anything for her. my name is kim bryant and my husband and i made a will on legalzoom. it was really easy to do. [ spits ] [ both laugh ] [ robert ] we created legal zoom to help you take care of the ones you love. go to legalzoom.com today and complete your will in minutes. at legalzoom.com we put the law on your side.
4:40pm
4:41pm
>> neil: one of my favorite guests, from bashing big to passing fit. richard simons. they're trying to jump-start physical education in schools. richard's excited. i was wrong. i didn't think this was happen. >> say it again.
4:42pm
>> neil: i was wrong. >> mother, daughter, say it again. >> neil: you did this. >> neil, where are the flowers. >> where is the dinner tonight? >> neil: careful. >> were you right. a lot of these guys, they wouldn't strike me at your fans. >> it's not that they're my fans. they believe in what i do. the kids are overweight, they're obese. i worked 3 1/2 years to get this. >> neil: explain the bill. >> we're going to the schools to find out what they're doing and improve upon it to get physical fitness back. no flowers, no roses, no nothing, you're cheap. you. >> neil: get over it. >> you sat here and said it will never happen. you cocked your head like this. >> i. >> neil: i never do that. >> yes you did. i went to washington. >> neil: did you dress up. last time you were with me, you
4:43pm
were in a prom suit. >> so hurtful. >> neil: so you went from. >> there i am in a purple suit. >> neil: that's what you wore with me. >> george miller and congressman comp and kind and it's been passed unanimously. >> neil: what's next? >> senate. we're going to start working. >> neil: you guys are serious. >> i started here with questionnaires and got over 200,000. >> neil: that's a hurdle. >> i don't care, i'm up for it. i don't care. >> neil: sit down. >> i'm not happy until every child in every school is physically active. >> neil: the president would sign this in a minute. >> i think we would. >> neil: have you talked to him? >> no. >> neil: what about michelle? >> i would talk to the first lady or the president. >> neil: whoa, neither of them have talked to you? >> you don't bring me flowers ♪ >> neil: wow, richard. >> you don't sing me love
4:44pm
songs ♪ you hardly talk to me anymore. >> neil: let me ask you, i find it odd you're leading the cause and they're the fittest couple in the white house ever and they haven't contacted mr. fitness? >> i'm waiting for the call. after today they know how serious i was. >> neil: the white house watches this show. >> they do? y. >> neil: they do, they don't admit it, but i'm looking at you. >> i've been doing this -- [ laughter ] is this my segment or do you want to bring john stossel on early? mr. happiness in the green room. >> neil: he's a very serious -- >> my goodness. >> neil: what don't you like? >> i love him but he hurt my feelings. i need your help -- >> neil: wait, what happened. you'll get me help, what happened with stossel? something happened in the green room. what happened? >> nothing. >> neil: okay. >> listen to me. i need your help.
4:45pm
>> neil: you're -- you move on. you move on, i like that. continue. >> yeah, john, roses. [ laughter ] >> congress will be a hurdle but i think everyone -- senate will be a hurdle but everyone in there has children and grandchildren. no one wants to see our kids continue to gain weight, have high bloop. high central i'll have something where they can write their senators. over 200,000 emails went to congress. >> neil: from your last appearance here, we got 1500 emails. just from your appearance. >> well -- >> neil: that's very good. >> what did they say? >> neil: they said he's nuts. no they really like you. >> go join john stossel in the other room. you can play cards. i need your help with the state
4:46pm
senate. we're going to do another blast of emails. >> neil: i had a general on a couple days ago on "fox business" network, which if you don't get ... >> demand it. >> neil: here's -- >> this is supposed to be my time. >> neil: i mentioned you in the conversation and he says neil, something that richard might be wrong on is that kids are actually in total getting about the same amount of exercise. but they're eating more junk. >> no, the general is wrong. >> neil: he's going to launch an attack on you. >> it's okay, 4% of --th not enough. >> neil: no he's saying -- you're right. but he's saying unless you get to the core of this, eating junk. >> we have two things to talk about. cafeterias and what they're serving and exercise. i can tell you --
4:47pm
>> neil: that's what he said, but you said the food thing wasn't ant issue. >> no, it's two different things. >> neil: you're scared because he's a general. >> watch me do this. [ laughter ] no, i'm not scared. but i mean the process food, the cafeteria, that's one problem we have to solve. but the other problem is to get physical activity in the schools in a big way. i hope you help me with the senate. >> neil: i will. it's a very good idea. >> i'm going to ask your help. >> neil: i don't have to go on a tour with you? >> i have a tank top with your -- no, but -- >> neil: he could do worse. >> 40,000 people filled out that questionnaire because of you, neil. >> neil: because of you, richard. >> 40,000, 200,000 came in, we all wrote our congressmen and that's why i was in washington. >> neil: i was reading some -- >> just knock john stossel. >> i'm not going to knock
4:48pm
stossel. you are among the country's most likeable television entities. that's pretty good. >> you know, i've never lied to you. >> neil: shep smith was number one, but you were like right up there. >> i never lied to the people. i told them to love themself, to move their body, and to watch their portions. 38 years, neil, that's the only thing i've told them. after 38 years, i never jumped on any other bandwagons for diets or shots or pills or anything. i'm very worried about our young people. we need to take care of them. are they're not going to live as long as their parents. this is really something very important to me. it's my life dream to be able to continue going to schools and teaching them stretching and aerobics, cardio and strength training to they have a better life than i did. i don't want them to grow up to be me. i want them healthy,.
4:49pm
>> neil: are you abused as a fat kid? >> we all were. by someone who finds us to be a target. >> neil: you said it's really the last excepted form of prejudice. >> it's terrible the way obese children and adults are treated in this country. i'm not leaving this earth -- until that is changed. and it has to start with the schools and then the parents to be -- to learn how to do things with kids, for physical activity for both the parents and children. because adultwise we have so many morbidly eye bees -- obese people who are depressed. you have my address, i love red roses by i'll take pink or white other yellow, a dozen, two dozeny. >> neil: a white house castle gift certificate, a bad idea. okay. >> thank you.
4:50pm
you're a good guy. >> can i stay on with john? >> neil: no. >> can i be there and just wave? >> neil: no, johnstons. john stossel coming back to get nasty. hey -- who's our best presentation guy? carl. i thought you said carl was our bt presentati guy. [ worker ] well, he is. last week he told my team about fedex office print onne for our presentatns. upload it to fedex office, en they print, bind, and ship it. the presentation looks good, right? yes, but -- you didn't actually bring carl with you. good morning!
4:51pm
but i digress. [ male announcer ] we understand. you need presentations done right. and right now save 20% on all online printing purchases. visit fedex.com/print.
4:52pm
4:53pm
>> neil: the president pushing today for more government involvement on wall street. maybe a lot more. is this bad timing? today we learn about the fallout. banks taking tarp fund lent less than banks that did not and got gige raises. john stossel says that's why government should stay out of the private sector. he's host of stossel thursday night which is on the "fox business" network, if you do not
4:54pm
get, ... >> demand it. >> they're getting tired. >> neil: by the end of the day -- i can't believe this. >> you can't believe that i had a fight in the green room or you can't believe that -- >> neil: the richard simmons thinks is a dark and stormy night. i'm talking about you get some tarp money, the idea being you're going to lend, rights? >> it's such a surprise the government program doesn't accomplish what it's promised to do? this is a stupid study because the banks that got tarp money are -- >> neil: who did the study in. >> i forget. >> neil: i'm sorry. american university. >> okay, i don't know how good they are but the banks that got tarp money were different from the banks that didn't, so there's so many variables. but it certainly is no surprise if they're scared they're not going to lend. >> neil: what happens now? if the cue going forward is those who receive a lot of
4:55pm
government funds don't necessarily do the government's bidding, you could grew ipso facto why give money at all? >> why are regiving money. >> i'm shellshocked since richard. >> latest not give money. have a limited government that keeps the peace and has pollution rules an lets banks fail and go out of business. we don't reward bad actors who waste our money. who -- they are argue we would have had a horrible depression. we'll never know. >> neil: we'll never know. >> i think we would have a new floor, building up, we could rely on what the rules were. now we're getting more regulation. we already have thick prospectuses nobody reads. adding more is going to make it better? i don't think. it fools the public into thinking they're protected so
4:56pm
they don't diversify. >> is scarce the group that might be regulated. they're whipped into submission. >> they better obey. >> neil: who was in the crowd today, whooping? >> a lot of people -- that's what my show is about. people hate business. those rich wall street guys, we want to punish them. it's -- it's -- i mean every newsroom, capitalism has been vilified except recent once. >> very good to survive so long. >> amongst people who hate capitalism while i defend it? >> neil: right. >> there were ugly moments. >> neil: regardless of richard simmons, we love you here. >> good. >> that's the end of the show. one hour from now -- >> in bill won't work. >> neil: here she comes. miss america.
4:57pm
that's right. top that, miss america with me on "fox business," which if you don't get ... >> demand it. boss:hey, glad i caught you. i was on my way to present ideas
4:58pm
about all the discounts we're offering. i've got some catchphrases that'll make these savings even more memorable. gecko: all right... gecko: good driver discounts. now that's the stuff...? boss: how 'bout this? gecko: ...they're the bee's knees? boss: or this? gecko: sir, how 'bout just "fifteen minutes could save you fifteen percent or more on car insurance." boss: ha, yeah, good luck with that catching on! anncr: geico. fifteen minutes could save you fifteen percent or more on car insurance.
4:59pm

Terms of Use (10 Mar 2001)